Two-Building Office
New
For Sale
$1,230,000
131-133 E Swanson Avenue, Wasilla, AK 99654
The site pairs a log building with a daylight basement and a second, two-story office structure.
Property Size6,034 SF
Price / SF$203.84
Days on Market3
Property Features for 131-133 E Swanson Avenue
General Information
Standard status
Active
Size
6,034 SF
Property subtype
Commercial
Zoning
C - Commercial (re: Cities Wasilla/Houst
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$8,408
Amenities
covered entries
lavatories
kitchenettes
Building Details
Building Size
6,034 SF
Year Built
2005
Buildings
2
Stories
2
Listing Agency:
RE/MAX Dynamic Properties Mat-Su Branch
Listed By:
Russell Joyce · License #14891
(907) 232-4895
Source:
Alaskabuiltrealestate
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 3 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Dynamic Properties Mat-Su Branch
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property in downtown Wasilla comprises two buildings on nearly half an acre. The log building includes a full daylight basement and totals 3,720 square feet, with covered entries and an accessible upper level. The second building has two stories, a shared entrance, and offices, lavatories, and kitchenettes on both floors.
Paved parking is provided, along with barriers and a business sign. The property is zoned C - Commercial.
Paved parking is provided, along with barriers and a business sign. The property is zoned C - Commercial.
Key Highlights
- Two office buildings on nearly half an acre in downtown Wasilla
- Log building totals 3,720 square feet and includes a full daylight basement
- Second building has two stories with offices, lavatories, and kitchenettes on each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,066
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,320
$1.7M
Cap Rate 7%
$1,200,943
$1.2M
Cap Rate 9%
$934,067
$934.1K
Market Conditions
NOI Build-Up for 6,034 SF
Gross rent
$144.8K $24.00/SF
− Vacancy
−$32.7K −$5.42/SF
EGI
$112.1K $18.58/SF
− OpEx
−$28.0K −$4.64/SF
NOI
$84.1K $13.93/SF
Area
Matanuska-Susitna County, AK
Vacancy
22.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,320
Cap Rate 7%
$1,200,943
Cap Rate 9%
$934,067
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,066 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$44.61M
$39.03M – $52.04M
NOI $3,122,590 @ 7.0% cap · market cap 253.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 99654, AK
40,726
Population
17,006
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
95%
High-School Grad
113.6 sq mi
ZIP Area
359
Density / Sq Mi
$93,739
Median Household Income
$53,748
Median Earnings
$1,233
Median Rent
$342,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The site pairs a log building with a daylight basement and a second, two-story office structure.
Where is this office building located?
The property is located at 131-133 E Swanson Avenue Wasilla, AK.
What is the asking price?
The asking price for this property is $1,230,000.
What are key features of this property?
This property features: Two office buildings on nearly half an acre in downtown Wasilla; Log building totals 3,720 square feet and includes a full daylight basement; Second building has two stories with offices, lavatories, and kitchenettes on each level
